OLA CABS ACQUIRES G-CABS

OLA CABS ACQUIRES G-CABS

Project Description

Ola Cabs : Ola Cabs is a new age travel company which provides cab services to consumers. Ola aggregates cabs on their platform and connects them to the nearest passenger through their automated platform. They have raised capital from Tiger Global, Matrix Partners, Sequoia Capital, Steadview Capital and Softbank. The company was founded in 2010 by IIT Bombay graduates Bhavish Aggarwal and Ankit Bhatti. GCabs : GCabs is a radio cabs service based out of Delhi and Gurgaon. It is a part of the Apra Group Of Companies, a 2000 crore + turnover group with interests across automotive, IT/ITES, entertainment and industrials sectors. It was headed by CEO, Dr. Babita Nihal. Merisis Advisors advised Ola, a technology company in the taxi aggregation space on its purchase of GCabs, a radio cabs operator based out of Delhi in Jan 2015 in a domestic M&A transaction.

Client: OLA Cabs
Date: Jan 2015

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Project Details

Date January 21, 2016 Categories Author Sumir